From a weekly perspective, the current shadow lines are not yet sufficient to form an effective resistance level.
Looking at the daily chart, the final resistance zone is the key. However, in terms of time cycle, this resistance has a very short duration, so the number of trapped positions should not be too many. This means that the resistance to a breakout may not be as significant as imagined.
The current question is—can gold and silver take turns hitting new highs? These two precious metals have recently shown divergent performance, with one surging and the other retreating, indicating an inconsistent rhythm. If they can form a linkage in the future, it would be interesting. Especially in the current uncertain environment of Federal Reserve policies and the dollar's direction, the safe-haven attributes of precious metals may be re-evaluated.
Worth paying attention to is the trading volume. If a breakout of the resistance zone is accompanied by increased volume, that would be a genuine breakout; if it's a sluggish rise, it could just be a false alarm.
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CantAffordPancake
· 12-12 08:40
A volume increase is needed to confirm; sluggish rises are not valuable. Only when gold and silver move together is there something worth watching. Right now, the divergence is too strong.
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FlyingLeek
· 12-12 08:34
Breakouts only happen with volume, otherwise it's just another attempt to cut our gains.
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The rhythm of gold and silver is really awkward; why can't they match up?
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Lingering gains are the most annoying, we've seen many false alarms.
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The daily resistance level is really critical; it depends on whether the trading volume is strong enough.
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Fewer trapped positions are actually more dangerous, easy to get smashed.
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When the Fed slacks off, precious metals will be re-priced again, I understand this routine.
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Can the shadow lines form resistance? Then it all depends on the volume.
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Whether gold and silver can move in tandem is the real point; otherwise, it's another one-sided game.
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CexIsBad
· 12-12 08:29
A significant breakout only counts, whether this time can succeed depends on whether the trading volume is strong enough.
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ForkTongue
· 12-12 08:26
Only with increased volume dare to follow, this wave looks a bit sluggish.
From a weekly perspective, the current shadow lines are not yet sufficient to form an effective resistance level.
Looking at the daily chart, the final resistance zone is the key. However, in terms of time cycle, this resistance has a very short duration, so the number of trapped positions should not be too many. This means that the resistance to a breakout may not be as significant as imagined.
The current question is—can gold and silver take turns hitting new highs? These two precious metals have recently shown divergent performance, with one surging and the other retreating, indicating an inconsistent rhythm. If they can form a linkage in the future, it would be interesting. Especially in the current uncertain environment of Federal Reserve policies and the dollar's direction, the safe-haven attributes of precious metals may be re-evaluated.
Worth paying attention to is the trading volume. If a breakout of the resistance zone is accompanied by increased volume, that would be a genuine breakout; if it's a sluggish rise, it could just be a false alarm.